This report analyzes and compares CONOCOPHILLIPS' employee health insurance and employee benefits with its industry and in Texas State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
CONOCOPHILLIPS offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. CONOCOPHILLIPS believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: CONOCOPHILLIPS believes that career planning of each employee is a key to a successful business and offers good opportunities so that the employees can reach their full potential. CONOCOPHILLIPS has good resources at its disposal to achieve this goal.
- COACHING AND MENTORING: CONOCOPHILLIPS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: CONOCOPHILLIPS encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, CONOCOPHILLIPS supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: CONOCOPHILLIPS does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: CONOCOPHILLIPS offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by CONOCOPHILLIPS to grow as leaders and learn how to make tough calls.
- ONBOARDING: CONOCOPHILLIPS does not offer onboarding.
- RECOGNITION PROGRAMS: CONOCOPHILLIPS knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to CONOCOPHILLIPS.
- TUITION REIMBURSEMENT: CONOCOPHILLIPS has a suitable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | CONOCOPHILLIPS | Industry | Texas |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
CONOCOPHILLIPS offers superb health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy CONOCOPHILLIPS's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CONOCOPHILLIPS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CONOCOPHILLIPS implemented a valuable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: CONOCOPHILLIPS cares about its team members' dental health so it offers an extraordinary dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: CONOCOPHILLIPS provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, CONOCOPHILLIPS offers valuable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: CONOCOPHILLIPS offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: CONOCOPHILLIPS has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: CONOCOPHILLIPS does not offer telehealth.
- VISION PLAN: CONOCOPHILLIPS provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | CONOCOPHILLIPS | Industry | Texas |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
CONOCOPHILLIPS offers superb financial benefits for employees and their family members. A superb 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: CONOCOPHILLIPS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: CONOCOPHILLIPS has an excellent Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: CONOCOPHILLIPS has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: CONOCOPHILLIPS offers a suitable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: CONOCOPHILLIPS offers outstanding commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CONOCOPHILLIPS offers an extraordinary daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: CONOCOPHILLIPS offers a first-class short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: CONOCOPHILLIPS offers an outstanding life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: CONOCOPHILLIPS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why CONOCOPHILLIPS has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: CONOCOPHILLIPS believes that excellent volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why CONOCOPHILLIPS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: CONOCOPHILLIPS has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CONOCOPHILLIPS | Industry | Texas |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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